Analyzing PIMCO Corporate & Income's Ex-Dividend Date

PIMCO Corporate & Income PTY declared a dividend payable on March 1, 2021 to its shareholders as of February 1, 2021. It was also announced that shareholders of PIMCO Corporate & Income's stock as of February 11, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. PIMCO Corporate & Income, whose current dividend payout is $0.13, has an ex-dividend date set at February 10, 2021. The payout equates to a dividend yield of 8.72% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

PIMCO Corporate & Income's Dividend Payouts And Yields

Over the past year, PIMCO Corporate & Income has seen its dividend payouts remain the same and its yields trend downward. Last year on October 9, 2020 the company's payout sat at $0.13, which has returned to its value today. PIMCO Corporate & Income's dividend yield last year was 9.67%, which has since decreased by 0.95%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

To read more about PIMCO Corporate & Income click here.